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Drowning in a Glass of Water that’s Only Half Full
Judy Chapman, Realtor from Chicago, has written one of the most eloquent descriptions of the emotional aspect of foreclosure. A short sale is indeed an emotional solution, not only a financial solution.
Thank you, Judy.
I am reblogging Judy's post here...
When your house is underwater, it’s like drowning in a glass of water that’s only half full. Problem is, if you sink to the bottom, you could drown.
Drowning in a sea of troubles
Just about every homeowner in America is suffering from the unprecedented downturn in real estate values. Obviously, it’s worse for some than for others. Much worse.
If the value of your home falls 30, 40, 50 percent or more, you’re sinking right along with all that lost equity.
And if you lose your job or face an illness or get deep into debt or have to move, you’re going to sink straight to the bottom.
Drowning your sorrows
You hate to lose your home, your piece of the American dream. But what choice do you have? So you decide to sell.
You may try to put your house on the market for more than the market will bear. On the off-chance that ... more

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